Facebook have it new policy pertaining to initial coins offerings 'ICOs' . The policy specifically prohibits ads that promote ICO on it platform.
The banned is due to the fact there are so many companies who are advertising ICOs that are not currently operating in good standards and faith.
In the meantime, Facebook is encouraging people to report content that violates this new policy.
What effect do you think this will have on ICOs and future of cryptocurrencies?
i cant see anything that affect a huge scar on bitcoin industry since there are lot of platform to showcase that ICO therefore the ICO will find a new way to reach people thru social media , twitter are still existing and also youtube are there but has not used by many so they can used youtube as an alternative to facebook..
With all the shit coins we have all over the place, and scammers running away with crowdfunds, I wouldn't blame a company like FB. If I were Mark Zukerberg I will do the same to protect the reputation of my business. However, with good regulations of ICO's in the future, FB will eventually open back her door's to crypto ADs.
But I think the effect isn't noticeable.